India’s growth can’t be dependent on a few groups: Kotak

MUMBAI: Veteran banker Uday Kotak has said India’s growth cannot be dependent on a few companies or groups and pitched for a more broad-based approach where many entities grow. Kotak has said while the Indian economy presents a great picture from the “macro” perspective, companies are facing challenges when looked at from the “micro” side. In a message to investors, he said that Indian companies need to be focusing more on competition rather than protection.